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Sprint Will Hold Off Counter Offer on MetroPCS, For Now

Sprint was none too happy when they got the news that T-Mobile and MetroPCS had gotten together and planned a deal for a potential merger. After rumors that the Now Network was planning a counter-offer to MetroPCS, news today suggests that they might hold off on that offer without knowing what T-Mobile has up their sleeve.

Reports say that Sprint met with T-Mobile’s parent company, Detusche Telekom, to discuss the proposal and decided it would be better to wait. Once Deutsche Telekom and T-Mobile file the proposed deal there will be an amount of time that Sprint can take to look over the deal and think about how they want to proceed. This leaves the door open for Sprint to out-bid T-Mobile, but only time will tell who MetroPCS will end up with.

Via: TmoNews

  • Southrncomfortjm

    Sprint seems like it is holding off because it may be purchased by a Japanese cell carrier: http://www.slashgear.com/softbank-reportedly-in-advanced-sprint-12-8bn-acquisition-talks-11251395/

  • yarrellray

    Of all the things Sprint needs to do they don’t need to be worrying about this merger. Tmobile’s got this under control and understands exactly what needs to be done. This will bring plenty of great options for many people especially from a prepaid standpoint. Plus a stronger GSM network will be great plus Tmobile will have it’s LTE ADVANCED 10 NETWORK working sometime next year with fall back on HSPA PLUS 42MPS network. Metropcs and Tmobile will do great..

  • Zakry

    What’s up with the sprint haters? I’m going on hard on sprint 3G and my speeds are just as good as my vzw and AT&T buddies. I hope sprint does buy out metro. Maybe it will convince people to move to the now network. I have no issues with sprint.

  • http://www.facebook.com/profile.php?id=10602828 Mike Hilal

    Doesnt Metro piggyback off sprint already anyways? wtf does TMO want with them other than to rid itself of a competitor

    • a.youth.in.Asia

      They have roaming agreements with Sprint, but MetroPCS has it’s own towers. This is a spectrum buy and nothing else.

  • a.youth.in.Asia

    Best way to describe Sprint’s data network is like shoving 30lbs of sh¡t in a 5lb bag… They need MetroPCS for some extra poundage in Sprint’s 5lb bag. Sprint can stay competitive with their unlimited everything, but not everyone knows that they have so many people on their network.

  • Butters619

    Again, does Sprint even have the cash for this? Sprint spent dumb money on WiMax/Clearwire and then had to keep pumping money into it to keep it afloat, then agreed to a ridiculous iPhone contract, and now is rolling out LTE. Last I checked Sprint had negative net income, so I ask again , where in the hell is the money coming from?

    • Diablo81588

      My thoughts exactly. How can a company losing money every quarter afford to buy out another multi billion dollar company?

      • michael arazan

        Loans based off the collateral of what the company is worth, business do it all the time in buyouts. When business merge, a lot of times people will jump on board and start buying their stock and invest if it has a foreseeable positive effect. Right now you may want to buy sprint stock before they buy out, if they do. Usually a spike in stock when buyouts occur to merge business.

        • Prozak

          I think it’s the other way around. Typically the buying company’s stock takes a hit do to the taking on of new debt and expenditures, while the selling company’s stock sees a spike. Metro should be seeing the bump right now.

  • Ibrick

    I hope Sprint does out bid TMo.. If I ever jump ship Sprint would be my first choice and more LTE never hurts. Never again will I have TMo.. Worst company I’ve ever dealt with. Not to mention VZW had LTE in my area before they had 3G..

  • Michael_NM

    I love this talk of mergers. Fewer choices are always better for the consumer.

  • Good_Ole_Pinocchio

    Sounds like they’re quitting.